Mifid delay forcing smarter tech spend decisions

The new directive was delayed in February by a year to 2018

The European Commission’s
decision to delay the introduction of Mifid II by a year to
January 2018 is helping firms to cut their regulation-focused
technology spend as they are forced to think "holistically"
about upgrade decisions.

"Rather than serving to delay bank and
buy-side firms thinking on which software solutions to use in
complying with specific parts of the new rules, the delays are
actually incentivising the companies to think holistically when
making technology upgrade decisions designed to assist with the
compliance overheads," said Anna Pajor, director and principle
consultant at GreySpark Partners.